ARK Invest Sells Tesla Shares Worth $37.8 Million Amid Market Dynamics
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 15 2026
0mins
Should l Buy AVGO?
Source: Benzinga
- Tesla Trade: ARK offloaded 86,139 shares of Tesla through its Innovation ETF, amounting to approximately $37.8 million, indicating a cautious stance despite analysts predicting Tesla will control 80% of the market by year-end.
- Broadcom Trade: ARK purchased 143,089 shares of Broadcom for about $48.6 million, showing confidence in the company's long-term potential despite recent stock declines due to a security directive from Beijing.
- TSMC Trade: ARK sold 19,310 shares of TSMC valued at approximately $6.3 million, as TSMC struggles to meet production demands from Nvidia and Broadcom, highlighting constraints in the AI chip market.
- Other Key Trades: ARK sold 3,834 shares of Teradyne and 4,756 shares of Natera, demonstrating flexibility in its diversified portfolio, while acquiring 72,320 shares of Kodiak AI, reflecting ongoing interest in the AI sector.
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Analyst Views on AVGO
Wall Street analysts forecast AVGO stock price to rise
30 Analyst Rating
29 Buy
1 Hold
0 Sell
Strong Buy
Current: 313.490
Low
370.00
Averages
457.75
High
525.00
Current: 313.490
Low
370.00
Averages
457.75
High
525.00
About AVGO
Broadcom Inc. is a global technology firm that designs, develops, and supplies a range of semiconductors, enterprise software and security solutions. The Company operates through two segments: semiconductor solutions and infrastructure software. Its semiconductor solutions segment includes all of its product lines and intellectual property (IP) licensing. It provides a variety of radio frequency semiconductor devices, wireless connectivity solutions, custom touch controllers, and inductive charging solutions for mobile applications. Its infrastructure software segment includes its private and hybrid cloud, application development and delivery, software-defined edge, application networking and security, mainframe, distributed and cybersecurity solutions, and its FC SAN business. It provides a portfolio of software solutions that enable customers to plan, develop, automate, manage and secure applications across mainframe, distributed, mobile and cloud platforms.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- Financial Expertise: Thuener currently serves as Vice President, Corporate Controller, and Chief Accounting Officer at Alphabet since 2018, where she has been responsible for financial reporting and corporate governance, expected to bring extensive financial management experience to Broadcom.
- Strategic Focus: Broadcom CEO Hock Tan stated that Thuener will provide deep expertise in AI-related transactions and managing complex global organizations, which will help the company maintain its competitive edge while continuing to create shareholder value.
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See More
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- Executive Transition: Broadcom has announced the appointment of Amie Thuener as the new Chief Financial Officer, succeeding the retiring Kirsten M. Spears, with the transition set for June 12, 2026, ensuring continuity and stability in financial management.
- Rich Experience: Thuener comes from Alphabet, where she served as Vice President, Corporate Controller, and Chief Accounting Officer, bringing extensive experience in global financial reporting and operations management, which is expected to enhance Broadcom's financial governance.
- Transition Support: Kirsten M. Spears will continue as an advisor for nine months after the new CFO's appointment to ensure a smooth transition, a move that helps maintain operational stability and financial transparency within the company.
- Strategic Value: Broadcom's CEO Hock Tan stated that Thuener's expertise will strengthen the company's capabilities in financial reporting, corporate governance, and AI-related transactions, supporting its strategic goal of creating value for shareholders.
See More
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- Extensive Experience: Thuener has served as Vice President, Corporate Controller, and Chief Accounting Officer at Alphabet since 2018, bringing a wealth of experience in global external reporting and financial operations, which is expected to enhance Broadcom's financial reporting and corporate governance capabilities.
- Strategic Focus: Broadcom's CEO Hock Tan stated that Thuener's expertise will strengthen the company's capabilities in AI-related transactions and managing complex global organizations, further driving the strategic goal of creating value for shareholders.
- Long-term Commitment: Kirsten M. Spears has made significant contributions during her 12-year tenure at Broadcom, and this executive transition reflects not only a personnel change but also a commitment to future financial management and strategic direction.
See More
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- Unemployment Claims Drop: Weekly initial unemployment claims unexpectedly fell by 9,000 to 202,000, indicating a stronger labor market than the anticipated increase to 212,000, which could provide support for the stock market amid rising inflation concerns.
- Global Market Decline: Overseas stock markets are lower, with the Euro Stoxx 50 down 2.25%, China's Shanghai Composite down 0.74%, and Japan's Nikkei 225 sharply falling 2.38% from a two-week high, reflecting global economic uncertainty and investor caution.
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See More
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See More
